The spot rate is currently testing the upper limit of its short term bearish channel at 1.3730 . A break of these levels would reach the upper limit of its medium-term bullish channel to 1.3800.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3730 with a 1st objective of 1.3800, then 1.3820. A break in 1.3710 would invalidate this scenario.
